New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-11-25
COAL WILL BE SCARCE FOR A WHILE
BUT NO STRINGENT FAMINE Is LIKELY.

|
VIEWS OF MANY PROMINENT WHOLESALE DEALERS
| SUMNER GOOD TIME TO BUY.
TN ,ew NJ thu ,er.ou al interest shown by tho public
| ~ Nh. sudden rise in the price Of csal, TRIBUNE
reporter made inquiry the other day among tho whoie
sale and retail dealers discover as FAR as pracncaoe
what the prospects are winter supply, and how fa'
prices are likely to be forced upward
The Wholesale dealers who have their offices In the
Washington Building in Broadway unanimous 10
| sax,r tina, tho suppy Of coal hand Ia extremely
| limited ssme OF them thought that II the weather
should suddenly cold, the stock In the yaros "s
ret last more tn month But they all SAID IL was
rule Of tho trade that the approach OF csd weather
which puts stop to the shipments by canal 10 the
West causes tho supply here ia be rapidly Increased
Tho agents of the Lshigh Waller mines SAID that there
were AZ vet no indications OF cessa OF the sfEe III
the Iehch region. Tho Reading and WiiKespare MINER
| had organized efficient system TOT pro'uihs l"o
,rikers with the necessarios OF life pehdins satis
factory adjustment of difficulties and they were not key
TO submit on anything short OF their own terms
THE PRODUCT OF THE MINES LEssENED
Fran statements made by some of the wholesale
dealers If appears that output Is now about
100, 900 tons les. per week than usual inc
of the situation therefore considerable ihcreaseu w
the fact that large proportion OF the weIl'o-do Peop'o
who generally lay winter stock Of coal whom inc
demand Is light, 10 have neglected. 10 90 50 tn'a
year and are now addin. their demand to that OF the
hand 10 mouth" trade upon deploraby undcrstochea
market The retail price has quickly Jumped from s4''o
to &c. with strong indications OF a further riso
Mr. schenck pre- ,idont OF tho Consumers Coal com
many said that he had rarely the market In worse
condition In the first Instance the retail dealers wcro
taken by surprise by the unusual number ana
Of orders sud the calls the wholesalers thus prehnced
causei an instant rise on all orders LOT lDmouA'o
delivery Even at this time all grades might NC o""S"
at fty cents less than schc nlc prices 10 DO uoh'o""
at shippers convenience but buying on that basis was
scarcely practicable for the average consumer ~ inc
order might not bs filed before next spring Another
element in the advance was fact that the railroads had
added twenty-five per to tbs rate OF roight anu
the prices ny have been proporonaeY au''"ee"
MI schenck OF the opinion that the SITUATION was
one OF extreme gravity. He said that better oppor-
tunity was never offered for wall street s"moiers W
corner the entire coal supply and dole "ut NJ thsr o"
nrice He did NOT think however that anything OF the
sort was dangerously threatened but regarded IL as
sad commentary on the business methods preNAsh'
the coal trade that such condition OF AFFAIRS shoud DC
possible.
A sCHrME TO rQvALlZE THE DEMAND
7, appears from such figures obaiuale that al
th, season Of the year tho market requires ABOUT
3. 800, 900 tons per MONTH whl' tia domaa" III '"o
.nrlieruonths Of the year does not exceed 2ooo"oo
tens lesson Of these figures appears 10 De- "''"'-
ing to the dealers. that II all citizens who aro ap'o
would lay in a years supply ut tho season """" ''
demand f. slack there would bo no daager III
coal famine. The pressure supply would man 10
eqHally dstributsd throughout Ito year. lusoat ~
being Concentrated at PRESENT, upoa tho Two VI W.
month, when supplies arc hardest 10 obtain hn,tncI
advantage OF this system would be that INC hpoH ",
hand IN the yards would be much more SATISFACTORY
all seasons ths year aad people VITA ntch hoo nc
would he subjected 10 tho pero Heal Pihc""' "o"
experienced. - ,,u.
HE dc,ers agree that the hardship Of dear coal tai'
most heavily upon the poorcts cctss OF the "putpu
small tradssurn. ariiSass and lsbor'rsn ho ar -,
sbu, their coal by the basEst payiu: oday from
~ To {. per ton Tor their fuel ~. e.
ON the whole ~ tho dealers - lh' nae" "
take an extremely pcs.misic view o. the ,itl",I"n'
they declare tho scarcity san u.ly iact "HSh 80 eau,
not be MED. bat which they Ia com non WIZ '"o ''
OF the public. hope sOcn 20 see rcmelsd